Amazon rolls well enough with the punches in India – Reuters

A worker sorts delivery packages in a van outside an Amazon facility in Ahmedabad, India, March 17, 2021. Picture taken March 17, 2021. REUTERS/Amit Dave – RC2DEM9RDTU2

MUMBAI, Aug 10 (Reuters Breakingviews) – Amazon (AMZN.O) will face an antitrust investigation in India alongside Walmart’s (WMT.N) Flipkart. The country’s top court on Monday scolded the pair for trying to resist a probe read more for allegedly promoting select sellers on their platforms, among other things. The U.S. e-commerce behemoth promptly announced it would disband a controversial seven-year-long equity partnership which governed one of its top merchants. That won’t hamper Amazon too much if the erstwhile partner can keep selling on its own. And Amazon has more large retailers than it did when it first started.

Elsewhere the country’s top court on Friday helped read more Amazon move a step closer to blocking a $3.4 billion deal that would have handed control of Future Group’s retail assets, including the country’s second biggest retailer, to Mukesh Ambani’s Reliance Industries (RELI.NS). India upheld an interim order by a Singapore tribunal to press pause – a tentative legal win that many doubted the Americans could secure in a market seen to favour domestic rivals. So far Amazon’s grit is serving it well. (By Una Galani)

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Editing by Pete Sweeney and Katrina Hamlin

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Amazon rolls well enough with the punches in India – Reuters

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